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RPM International Inc. (NYSE: RPM) is a global leader in specialty coatings, sealants, building materials, and related services for both industrial and consumer markets. With a legacy of innovation and quality, RPM's diverse portfolio includes industrial products like roofing systems, corrosion control coatings, flooring solutions, and specialty chemicals. Their well-known industrial brands include Stonhard, Tremco, Illbruck, Carboline, Flowcrete, Day-Glo, Dryvit, and Euclid Chemical.
On the consumer side, RPM caters to professionals and DIY enthusiasts with products for home maintenance, improvement, and hobby projects. Popular consumer brands under RPM's umbrella include Rust-Oleum, DAP, Zinsser, Varathane, and Testors. These products are readily available in hardware and craft stores, making them accessible to a broad audience.
RPM operates 116 manufacturing facilities in 26 countries, employing approximately 13,000 people globally. Its extensive reach ensures that RPM's products are sold in around 170 countries and territories, highlighting their international presence and market penetration.
Financially, RPM has demonstrated robust performance. In the fiscal year 2015, the company reported sales of $4.6 billion, with 65% of that coming from industrial markets worldwide and the remaining 35% from consumer markets, primarily in North America. RPM continues to foster growth through strategic partnerships, innovative projects, and a commitment to quality and sustainability.
Organizationally, RPM is segmented into four major groups:
- The Construction Products Group sells coatings, roofing, insulation, and related products to distributors, contractors, and end consumers globally.
- The Performance Coatings Group specializes in coatings for construction and industrial applications, such as flooring and corrosion control.
- The Consumer Group focuses on paints, finishes, and similar products sold to individual consumers through retail channels.
- The Specialty Products Group offers a diverse array of niche products, including marine finishes and edible food colorings.
RPM's commitment to innovation, quality, and customer satisfaction makes it a significant player in both the industrial and consumer markets, continuously driving forward with new projects and partnerships.
RPM International Inc. (NYSE: RPM) declared a quarterly cash dividend of $0.40 per share, payable on January 31, 2022 to stockholders of record as of January 14, 2022. This marks the company's 48th consecutive year of increased dividends, placing RPM among less than 0.5% of publicly traded U.S. companies. RPM has returned approximately $2.8 billion in dividends to shareholders over this period, with a current share price of $98.00, resulting in a dividend yield of 1.6%.
RPM International Inc. (NYSE: RPM) will release its financial results for the fiscal 2022 second quarter, ended November 30, 2021, before market opens on January 5, 2022. The results will be available through newswire and on the company's website. A conference call to discuss the results will be hosted at 10:00 a.m. EST on the same day, accessible by phone or webcast. A replay will be available from 1:00 p.m. EST on January 5 until 11:59 p.m. EST on January 12. RPM operates in specialty coatings, sealants, and building materials.
RPM International Inc. (NYSE: RPM) announced that Frank C. Sullivan, chairman and CEO, and Russell L. Gordon, CFO, will present at the Morgan Stanley Virtual Global Chemicals, Agriculture and Packaging Conference on November 10, 2021, at 2:45 p.m. EST. The presentation will cover RPM's growth strategy, financial performance, its impressive track record of 48 consecutive years of dividend increases, capital structure, and global operations. Interested parties can access the live webcast on RPM's website, with an archived replay available for 90 days.
RPM International Inc. has appointed Lee A. Bowers as the new vice president of Environmental, Health, and Safety (EHS), effective December 1. Bowers, who has been with RPM since 1998, will head the center-led EHS initiative, succeeding Kenneth M. Armstrong, who retires on May 31, 2022, after 15 years in the role. Bowers brings extensive experience in compliance programs and regulatory affairs from his previous positions within RPM's Performance Coatings Group. CEO Frank C. Sullivan praised his leadership skills and background in environmental safety.
RPM International Inc. (NYSE: RPM) has appointed Elizabeth F. Whited to its board of directors as of October 22, 2021. Whited, currently the executive vice president and chief human resource officer at Union Pacific Corporation, will also serve on RPM's compensation committee and is set to stand for election at the 2022 annual meeting. With a robust background in management and strategy, her addition is expected to enhance RPM's growth and shareholder value. Whited brings extensive experience from her tenure at Union Pacific since 1987.
RPM International Inc. (NYSE: RPM) has announced the conclusion of its MAP to Growth program, resulting in the elimination of the chief restructuring officer position, previously held by Michael H. Sullivan. The program has successfully generated an annualized savings of approximately $320 million, surpassing the initial target of $290 million. Timothy R. Kinser has been appointed as the new vice president of operations, tasked with overseeing manufacturing and supply chain functions. This transition is expected to enhance operational efficiency across RPM's diverse business segments.
RPM International Inc. announced a quarterly cash dividend of
RPM International reported a record $1.65 billion in consolidated sales for its fiscal 2022 first quarter, a 2.7% increase year-over-year. However, net income fell 25.5% to $134.6 million, with diluted EPS decreasing by 25.2% to $1.04. EBIT also declined 21.4% to $196.8 million, impacted by supply chain issues and inflation. Despite challenges, three of four segments posted growth, with the Construction Products Group achieving a 17.7% sales increase. The outlook anticipates continued inflation and raw material shortages, with expected mid-single-digit sales growth.
RPM International Inc. (NYSE: RPM) will announce its fiscal 2022 first-quarter results for the period ending August 31, 2021, on October 6, 2021, before the market opens. A conference call to discuss the results will occur at 10:00 a.m. EDT the same day, accessible via webcast. A replay will be available from 1:00 p.m. EDT on October 6 until 11:59 p.m. EDT on October 13, 2021. RPM operates in specialty coatings and related services, employing approximately 15,500 worldwide.
RPM International Inc. (NYSE: RPM) will hold its 2021 annual meeting of shareholders virtually on
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